HSBC (LON:HSBA) Price Target Raised to GBX 950 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised its price target for HSBC from GBX 940 to GBX 950 while maintaining a "neutral" rating, suggesting a potential downside of 1.72% from its previous close.
• Other analysts, including the Royal Bank Of Canada and Deutsche Bank, have also set price targets of GBX 950 and GBX 910, respectively, with a consensus rating categorized as "Hold."
• HSBC shares experienced a slight increase of 0.2% and have a twelve-month range from a low of GBX 671.87 to a high of GBX 1,067.80.

HSBC (LON:HSBA - Get Free Report) had its price target lifted by equities researchers at JPMorgan Chase & Co. from GBX 940 to GBX 950 in a note issued to investors on Monday,Digital Look reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 1.72% from the company's previous close.

A number of other research analysts have also recently weighed in on HSBA. Royal Bank Of Canada lifted their target price on shares of HSBC from GBX 900 to GBX 950 and gave the company a "sector perform" rating in a research note on Wednesday, August 13th. Shore Capital reiterated a "hold" rating on shares of HSBC in a report on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 910 target price on shares of HSBC in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of GBX 982.50.

HSBC Stock Up 0.2%

Shares of HSBA opened at GBX 966.60 on Monday. HSBC has a twelve month low of GBX 671.87 and a twelve month high of GBX 1,067.80. The company has a market capitalization of £166.68 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The firm has a 50 day moving average of GBX 992.76 and a 200 day moving average of GBX 910.99.

HSBC Company Profile

With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.

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